Alfa Laval share price has rallied 17% to Rs.2300 on BSE on news of delisting its shares from both the leading stock exchanges of India. The Sweden-based promoter company seeks voluntary delisting of shares on getting the board and shareholder’s approval to acquire 11.23% of the paid-up equity share capital. The board meeting of the Indian subsidiary is scheduled on September 19.

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Alfa Laval (India) is engaged in manufacturing of industrial equipment and process solutions. Its product range includes high-speed separators, heat exchangers, and flow equipments. The company makes machinery for food and beverages sector.

Alfa Laval share price had made a panicky low of Rs.675 during October 2008; and since then has been riding on a secular bull run right upto Rs.2300 on delisting buzz. Its 52-week low stands at Rs.1114 and its market capitalization is little over Rs.4000 crore.

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